News

Bank loans grew 1.3% in December 2010

Bank loans grew 1.3% in December 2010

Business loans and consumer loans continue to buoy the growth of bank loans.

Employment up 50% in 4Q 2010

The services sector contributed 97.3 percent of the job gains, OCBC said.

7% of car retailers see a less favourable business climate in 1H 2011

Specifically, vehicles retailers express their concern over the reduced Certificate of Entitlement quota.

Financial services industry employment to increase 38% in 1Q 2011

A net weighted balance of 27% of firms anticipates higher operating receipts for first quarter 2011.

Thai rubber company hopes to expand global reach with SGX listing

Sri Trang Agro-Industry Public Company Limited will be known with the “Sri Trang (NC2)” ticker symbol.

China Yuchai extends loan agreement with HLGE

HLGE will have a loan extension of S$93,000,000 originally granted to refinance the zero coupon, unsecured, non-convertible bonds issued by HLGE in 2006. It matured on July 3, 2009.

50,200 job vacancies recorded in 2010

The economic recovery in 2010 was met with a 36 per cent-on-year increase in employment opportunities. A record 50,200 jobs were made available as of September 2010.

StarHub partners with top Asian carriers to build high-speed undersea cable system

The 7,200 kilometre Asia Submarine-Cable Express will link Singapore directly to Japan, the Philippines and Hong Kong.

ST Aerospace gets green light for aircraft repair facility in China

ST Engineering’s aerospace arm has received the business licence from the Administration of Industry and Commerce of the Guangzhou Municipality to establish its aircraft repair facility in the region.

Landlords cashed in on economic boom in 2010, hiked office rents by 12.6%

Rental and capital value of office space rebounded in 2010 from bottom in 2009, leases in the central region increasing 4.7% in 4Q2010 compared to 6% in previous quarter.

Olam takes over UK food ingredients company for US$50mln

The Singaporean food products company’s acquisition of 100% in equity interests in Britannia Food Ingredients Holdings Limited and Britannia Storage and Distribution Limited will take place within the next three years.

Homes bound to be 20% cheaper due to latest round of cooling measures

Buyers are seen to adopt a "wait and see" attitude for the market's response to the latest set of government measures announces January 13.

Fine, provisions send Singapore Airlines Q3 net down

Singapore Airlines reported a lower third quarter net profit.

Singapore private property new sales volume up 17%

PropNex estimates an overall 5–8% growth for private residential properties, while different types of properties will see varying growth rates.

Home prices up 17.6% in 2010

Prices of non-landed properties increased by 14.0% for year of 2010 as a whole.

CapitaLand acquired Marine Point for $100.68mln

Total acquisition cost works out to $1.056 per square foot per plot ratio.

Bank of Moscow placed $150mln worth of Singapore bond

The 2-year bond had a yield of 4.25%, said OCBC.